The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
1. The buy and sells are not always correctly labelled.
2. There may be more buys but at a lower price. Doesn't mean much to compare overall daily buy and sell volume.
I encourage people on here to have a bit of perspective. Stocks which go up a lot also tend to have sharp pullbacks as well. Best not to get too obsessed with day to day moves and let it play out. If you believe in the long run value proposition for this company you should be invested. Otherwise you should not.
Worth about £125k those 2 buys at the end. Market maker is obligated to provide a market even in low liquid conditions. That is why the spreads are so wide (>10% usually). They are required to maintain inventory so as to be manage risk exposure effectively.
I think the market maker is on the other end of the order. It was executed at the bid price and not the ask price.
Not likely AConceptIsABrick. They were both buy orders.
I saw somewhere that the earnings report was expected today. I guess it will be very soon.
TopCatz, i am not that concerned with what 'the market' thinks. A few weeks ago they thought that SALT was worth next to nothing as well. Guident just needs a bit more progress and some publicity and we will be off to the races i am sure.
Potentially, but in the case of Investment Trusts like TEK it is a bit more complicated. It is able to distribute a certain amount of dividend income tax free. Also, it may engage in tax loss harvesting up to a certain point.
Would be a good question to ask Cliff if he does another interview soon.
"The management of TEK have proven largely to be appalling in most respects".
I think this is excessive. How many startups do you think succeed? If you like what SALT has achieved and Guident etc, then TEK deserve great credit in putting those IPs and those management together to succeed. I think it is true that they could do a lot of things better but you should never lose sight of this underlying fact.
Hi IP3LY, i think selling TEK and buying SALT here would be heuristic learning of the very worst kind.
On another note, this might be a good time to launch the new AI venture that they have teased given the frenzy in AI at the moment.
Cliff isn't the most energetic CEO. No interviews for 7 months. I thought that the successful Microsalt float would have been the perfect opportunity to discuss the company but nothing so far. Guident seems to me in many ways the least reliant on TEK. The management team there have a lot of experience and expertise. I think the most important thing is that the underlying business grows there, although wouldn't mind it appearing in the SP at some point.
While i think that the TEK SP will converge back to SALT over time (It is almost a pure arbitrage opportunity), it does seem to indicate the highly impulsive nature of retail investors. Not even capable of appreciating basic valuation.